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Diver, you’re off your rocker, 300 ft ? Pitch black ? sell the gear and buy an RS6, much safer ;)

To add , Crude holding up in the mid $80s with inflationary pressure stopping the move back to $100+, still believe it’s likely. We’re not benefiting as Urals is still on its arze but hopefully domestic/MR sales are holding up or improving, would be good to get the detail.

As always, tick, tock.

As per company direction, this should be the business operational quarter since incorporation. Delays are inevitable but with so many assets being worked on, there should be loads of news, good, bad or indifferent ? we’ll find out this quarter and we’re already half way though with loads to come.

The share price has broken out and I’m sure Casper don’t want to see it retracing so hopefully the 802 news is the catalyst to return to double figures. I wasn’t expecting news immediately as drilling last leg, casing and perforating was going to take time and I for one am hoping that they gave stabilised and wil report that they’ve flowed at x rate @ x choke for x days with confirmation that 90 day flow test started.

Sp can retrace as we know and 802 failure the biggest risk but upside is far greater than downside and that’s why we’re all here. No guarantees but loads of assets being exploited and material sp movements are not far away.

Un, good advice. Enjoy Valencia and keep travelling :)

Cmon Clivey boy. Time to catch out the sellers and 1 bag minimum as cost of re-entry :) No more snatching defeat from the JOV. time for a BLOCKBUSTER and make it Monday am . If it’s crackin news, I’ll be helping it along and about time we saw a little squeeze northwards or maybe a very BIG one.

Now you’re talking. Golfing in GC ;)

Morning Mike,

Last day in GC before returning to freezing UK ! Mrs already booked 2 more breaks whilst here so you can see the trend.

Should be getting a divi declaration this week to avoid divi anxiety…lol, that and a load of other news this month.

I’ve copied a post from Spangle on ADVFN. posted after 802 news released. His view, a managed blowout and he does have technical expertise -;

‘I think the "cautious optimism" tone set by Brendan Long at WHI is appropriate.

So, with a conventional (non-CASP) viewpoint...

On the plus side, the controlled blowout, I'm sorry, "addition to daily production", is delivering ca. 800 bopd. This is happening with drilling mud in the well. Drilling mud has additives to increase its density, the effect of which is to increase the hydraulic head of the fluid from the drill bit to surface to counteract the pressure of the reservoir (to stop blowouts happening!). When a well is on production, there is oil from the reservoir to surface, effective density lighter than water, so the hydraulic pressure restricting flow from the reservoir is much less than with mud. Flow rate is proportional to fluid differential. Thus, all things being equal, flow rates under production conditions would be higher.

Also, if they drill on and uncover more oil-filled reservoir, that could improve rates too.

Conversely, this "unexpected production" is from open hole conditions, where there are no man-made impediments to flow from the whole open section since the last casing shoe. The forward plan, which is more clear in WHI's note than in the RNS, is to get the additional production under control through circulating heavier mud, drill on through this upper target to 4100m, clean, log, and run metal liner/casing across this interval, cement, and perforate it, then stimulate with acid and test. I know, I know, any one of those words has been a stumbling block in the past - stuck logging tools, can't get casing down, fouled cement job, unable to perforate sufficiently.

But even assuming that they successfully secure and complete this section, the volume of rock in connection with the well through tiny perforation tunnels is much smaller than with open hole flow, and there is a degree of "skin factor" (not a tangible skin, but an additional pressure drop caused by the perforation process). In open hole flow, any fractures that cross the wellbore, and which are like motorways for flow, will contribute, whereas once completed, unless a perf tunnel happens to hit a fracture, they aren't directly connected.

Yes, of course I'm hedging. I've got my professional standards to consider ;-) But hopefully it gives you some idea that the final rate that could be delivered on any successful test has factors that are both plusses and minuses compared to the flowrates reported this morning.

Somebody(s) don’t want this above 7p. Hopefully our sellers have hot this wrong and the cost of re entry is 50%+ at least. If it’s great news on 802, it will be tough to get stock below 8-9p. If it’s poor news, it’s unlikely to be terminal and the asset still in play, probably needing remedial work and downside ? maybe 20% before people realise asset in play snd off we go again.

Cmon Clive, 1500+ bopd with appraisal booked in :), that’ll take it to 10p+ as a starter.

New one on me. Casper HQ will be in shhhhhh mode until next update I’m hoping that they take their time with 802 and update when ready, no more false dawns, time to release conclusive news.

Just off to the gym for daily leg torture followed by the first G&T :)

Ice to see continued interest on the buying front.

All in the airport lounge waiting for the destination call, Bognor or Bali, apols yo those living in Bognor ;)

Our Clive stated that production with the 802 brings current prod on BNG to over 3000 bopd. Pretty confident statement and as stated, to make it, hopefully they’re further down the operational journey than communicated.

Tick, tock.

Probably Gritster !

Yep, expecting to see some large late reported sells as nearly all buys today so somebody keen to exit, let’s hope it’s not one of the WCP !

Nothing wrong with selling and I suspect those who are selling now have little confidence in Casper bringing home a deep. Can’t argue with that based on history but if 802 foes come in, the cost of re entering will be considerably higher. Maybe sellers are counting on the fact that they have to conduct a 90 day flow test and sp won’t ping ? that’s the gamble but I believe there’s so much on the go to push it on, it’s not the time to sell. Only time will tell.

BB,

All good on the retirement front and will be better when I get my knee sorted, not as easy as I thought but we keep plugging on. I need Casper to come in to pay the Smarty petrol bill. I still can’t get over the consumption on the RS6 !!

Let’s hope our Casper can convert 802 and that long suffering LTHs get a proper return here

We will see selling on the journey back to double figures. Many will be taking profits, many will be trading it but I’m hoping that there’s no more disappointment from Casper and peeps selling now will not get the opp to buy below 10p+ if 802 is a success. I sincerely hope that all the patient LTHs get a real return from their investment, it’s been a long time coming and many will be still wearing the cynical/sceptical hat. Maybe the time is coming where we can return it to the bottom drawer and bring out the RTSs :)

It’s moving on low volume which is great and the wider investing community will become aware, TA boys too as the chart is looking very positive with a real breakout on the cards, by that I mean double figures. Nowt guaranteed with Casper but this was always going to move on positive news and helped by the fact that there will be loads of regular news flow in H1.

Going to ping :)

Going to Ping :)

Un,

If 802 is commercial, you’ll need a new version of Excel, the ramping will be extreme.

6p about to be breached and the TA boys will be on the scene when the okey crosses the kokey. One deep success will open the way for blue sky valuations, long overdue. Not getting carried away yet but this could be the year that the business name change is apt. Could this be the best performing AIM stock in 23 @?

https://www.caspiansunrise.com/investors/analyst-coverage-research/

The good news, 802 is another well that is flowing, only A5 has done the same this far. They didn’t need to announce 802, they could’ve waited until they had it flowing for longer but I don’t believe we’re getting the full story and they’re further down line. Pure speculation on my part but this is starting to get very interesting. We have no idea as to the scale of the find as it’s a new structure so the blue sky will get factored in if this is commercial.

The sp is being held back because of previous failures but if this well comes in, all hell will break loose. You can write the script now, it’ll be hyped to death, it’ll be billions of barrels and £10 parties in Floriland ;). No guarantees but we are on the cusp of a huge move north and sone serous wealth creation on the cards.

Tick, tock.

Is the penny slowly dropping ? Good to see a little more interest today and we should see this continue as other operational updates get nearer.

For the Chartists out there, how’s it looking ?

Not very long but they need to case, perforate and test, hopefully we get regular updates. Flowing 700-900 bopd open hole, managing all the drilling fluid, will be interesting to see how much much higher flow rates could be when perforated. Nobody has any idea as to what they have with this new find so looking forward to seeing the additional technical detail.

In the interim we await updates on a hectic operational schedule.

If daily prod is 3200 bopd adding 800 bopd from 802, the financials are starting to look very good. Add in CE rental cash and hopefully it divi share us about to increase.

Cmon Clive, let’s see some more positive news to follow 802 and throw in the barge for good measure.

Kev,

In hindsight I wish it was me ! I was the silly bugger adding loads and helping our seller achieve a good price. Let’s hope I’m not so silly as time moves on.

Cmon Clive, another surprise RNS tomorrow ;)